Deals
Goldman Strikes Deal to Sell GreenSky Unit to Sixth Street Group
- Sale will result in a 19-cent hit to third-quarter earnings
- Bank is offloading unit less than two years after buying it
The deal, which is expected to close early next year, will result in a 19-cent-per-share hit to third-quarter earnings.
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Goldman Sachs Group Inc. agreed to sell its GreenSky unit to a consortium led by Sixth Street Partners.
The deal, which is expected to close early next year, will result in a 19-cent-per-share hit to third-quarter earnings, according to a statement from the bank. The deal includes the technology underpinning the installment-lending platform as well as associated loan assets. Goldman had previously said it booked a $504 million writedown on goodwill in the second quarter as it prepared to sell the unit.